Brokerage group Deriv celebrated its 25th year in business this Tuesday and the company shared a few highlights of its quarter century journey with TradeInformer.
“Today is a big day for Deriv,” said Deriv Founder and CEO Jean-Yves Sireau. “When I step back and look at how much we have grown and achieved since we started out 25 years ago, there is a lot of pride in our successes. This is exactly what keeps us focused on everything Deriv wants to achieve in the next 25 years.”
Probably the most notable change at the company this year has been the changing of leadership roles. Sireau is still CEO but he now works alongside his Co-CEO Rakshit Choudhary, who has been at Deriv since 2009.
However, there are a few other highlights to look at as we head to the end of 2024. We can start with trading volume.
1. Monthly volume is $650bn, with 2.5m clients
In its statement, the brokerage group said that it had hit $650bn in monthly trading volume across its business.
The company also has 2.5m active traders using its services.
Although it did not share any information on site visits publicly, Similarweb data indicates the company has had over 10m site visits each month for at least the last three months, with more than 11m visits in July.
2. Deriv opened offices in the UK and Senegal this year and won seven awards for its work culture
For those of us who fear the UK is in something like a terminal decline, it’s somewhat reassuring to know that Deriv opened an office here – its second in the country – earlier this year. Most of these roles are in compliance, technology, and accounting positions. The office is in London.
More striking is the fact that Deriv opened an office in Senegal this year too. There are now lots of companies doing offshore business.
However, Deriv is unique in actually going to these places to open physical offices. The company is one of only two firms, that TradeInformer is aware of, which actually has an office in Vanuatu that goes beyond the minimum regulatory requirements.
The broker also has offices in Rwanda and Paraguay, with the latter employing over 100 people and the former closing in on the triple digit figure too.
The Senegal office is likely part of the firm’s African expansion efforts and a means of providing better support services to people in the region.
Deriv is also apparently a good place to work. The company has won seven awards so far this year for its work culture, including for its Cyprus team and its London office, which won the ‘Best Workplaces™ in Financial Services and Insurance 2024’.
“Being recognised for our commitment to trust and service in our 25th year is especially meaningful,” said Rakshit Choudhary, co-CEO at Deriv. “With our eyes firmly set on global expansion, our people and our values will continue to steer us on our mission to make trading accessible to anyone, anywhere.”
3. Global sustainability and wellbeing – Deriv’s long-term plans
As part of its 25th anniversary, Deriv has also set out a plan to support projects that further global sustainability and wellbeing.
In 2024 this has meant supporting…
- TECHO – a youth-led nonprofit in Paraguay’s capital Asuncion, which is focused on providing housing solutions for communities
- DuHope, a Rwandan NGO helping women in need of support
- The Kahuna Patagonia expedition, which combined adventurous endeavours with scientific, environmental research
- Puttinu Cares, a children’s cancer support group in Malta
